Nigerian govt goes after another $2bn cash-for-crude loan to stimulate economy

Indications have emerged that the federal government via the Nigerian National Petroleum Corporation (NNPC) Limited may be planning to borrow an additional $2 billion in crude oil-backed loans from international creditors to boost its financial inflow and stimulate the economy. Reuters reports that sources familiar with the matter confirmed the details on Tuesday. This follows [...]The post Nigerian govt goes after another $2bn cash-for-crude loan to stimulate economy appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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